REG - Forterra plc - Launch of £20m Share Buyback Programme

ForterraAnnouncement

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RNS Number : 7994W  Forterra plc  16 March 2026

16 March 2026

Forterra plc

Launch of £20m Share Buyback Programme

Forterra plc, "the Group" a leading UK manufacturer of essential clay and
concrete building products, today announces the commencement of a share
buyback programme to purchase ordinary shares of 1 pence each in the Company
("Ordinary Shares") for up to £20 million (the "Programme"), as announced in
its full year results published on 11 March 2025.

 

Any ordinary shares purchased by the Company will be cancelled and,
accordingly, the Buyback will reduce the Company's share capital.

 

Forterra has instructed Joint Corporate Broker Investec Bank plc ("Investec")
to execute a first £10 million tranche of the Buyback. Forterra has entered
into a non-discretionary instruction with Investec, pursuant to which Investec
will purchase the Company's ordinary shares, acting as riskless principal.
This first tranche will commence immediately. A second tranche will commence
following completion of the First Tranche, and it is anticipated it will end
no later than 31 December 2026, subject to market conditions.

 

The maximum number of Ordinary Shares that can be purchased in aggregate under
the First Tranche and Second Tranche is 21,280,338, being the number of shares
the Company is authorised to purchase pursuant to the authority granted by
shareholders at the Company's 2025 annual general meeting (the "2025 AGM") and
any subsequent authority.

 

Investec will make their trading decisions in relation to the Ordinary Shares
independently of, and uninfluenced by, the Company, within the terms and
pre-set parameters of the Buyback.

 

Any purchase of Ordinary Shares under the Buyback will take place in open
market transactions and may be made from time to time depending on market
conditions, share price and trading volumes. The Buyback will be effected
under the general authority to repurchase Ordinary Shares granted by the
Company's shareholders at the 2025 AGM and in accordance with Chapter 12 of
the UK Financial Conduct Authority's Listing Rules, and Regulation (EU) No
596/2014 and Commission Delegated Regulation (EU) No 2016/1052 (both as they
form part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018), including where relevant pursuant to the UK Market Abuse Regulation.

 

Any purchase of Ordinary Shares pursuant to the Buyback will be announced by
no later the end of the 7th daily market session following the calendar day on
which such transaction occurred.

 

ENQUIRIES

 

Forterra plc
 
+44 1604 707 600

Neil Ash, Chief Executive Officer

Ben Guyatt, Chief Financial Officer

 

FTI Consulting
 
+44 203 727 1340

Richard Mountain / Vicky Hayns

 

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